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Macao Expects New High in Casino Tax Income
Macao's income from direct gaming tax is expected to reach 16 billion
patacas (two billion US dollars) this year, a new high in the history,
local media reported Monday.
The Macao Post Daily quoted Tam Pak Yuen, Macao's Secretary for
Economic and Finance, as saying that the year-on-year growth of the
casino tax income will thus amount to around 8.8 percent.
The government collected 14.74 billion patacas (1.84 billion US
dollars) in the direct gaming taxes in 2004, according to the newspaper.
It reported that the gaming tax totaled 13.73 billion patacas (1.71
billion US dollars) in the first 10 months of the year, a year-on-year
rise of 17.1 percent.
Macao's 17 casinos pay 35 percent of their gross revenues as direct
tax to the government, according to official figures.
Read the
entire article at:
Peoples Daily Online
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